Xtreme Power voluntary filed for Chapter 11 protectin in Jan.in the U.S. Bankruptcy Court for the Western District of Texas. The Chapter 11 filing enables the company to continue its operations at all locations as it identifies an buyer.
The decision to file for Chapter 11 protection is part of a strategy to ensure that the company and its cutting-edge value offerings continue to be viable in the marketplace and take advantage of growing energy storage markets. The company's core engineering, project development and operations staff will remain in place during this process. Xtreme Power retained Gordian Group LLC to help manage the sale process.
With 12 projects in the field accounting for 60 MW of grid-scale installations, ranging from 1MW up to 36 MW, Xtreme Power's operational experience includes more than 34,100 MWh charged and discharged over 472,200 hours of integrated power unit operation.
(Source: Xtreme Power, 10 Feb, 2014) Contact: Xtreme Power, (512) 268-8191, www.xtremepower.com
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Chapter 11 bankruptcy protection will allow the company to continue operations while it tries to find a buyer. (Source: Xtreme Power, Star Advertiser, 28 Jan., 2014)
Contact: Xtreme Power, (512) 268-8191, firstname.lastname@example.org, www.xtremepower.com
Tags Wind news, Energy Storage news, Battery news,
The CCET project in Lubbock, Texas, marks the first time Xtreme Power's PEAK Series system has used lithium ion batteries from Samsung SDI.
http://www.xtremepower.com. (Source: CCET, Xtreme Power, PR, 21 Oct., 2013) Contact: CCET, (512) 472-3800, http://www.electrictechnologycenter.com; Xtreme Power, (512) 268-8191, www.xtremepower.com
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Duke originally announced plans to install large-scale energy storage systems to service its wind farm at Notrees in late 2009. The project received $22 million in matching funding from the DOE. Duke is working with the Energy Reliability Council of Texas (ERCOT) which will indicate whether the system should dispatch stored energy to increase frequency or store energy to decrease it. Performance data will be collected from the battery storage system by EPRI and Sandia National Laboratory will analyze technical and economic data. The results will shared publicly through the DOE Smart Grid Information Clearinghouse (Source: Duke Energy, Renewable Energy Mag., 7 Feb. 2013) Contact: Duke Energy Renewables, Greg Wolf, President, (704) 594-6200, www.duke-energy.com; Alan Gotcher, CEO, http://www.xtremepower.com
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The system is part of Duke Energy's Notrees 153 MW Windpower Project. The 36MW Battery Storage system is capable of deploying fast-acting reserves to support ERCOT grid reliability and helping the System Operator maintain supply and demand balance with near-instantaneous feedback of frequency changes or other unexpected events. In addition to other energy management services, the storage unit supports ultimate wind farm performance as it can absorb power from the wind farm during times of low demand or high curtailment and release power when it is most beneficial to the market.
Xtreme Power's innovative control system, XACT, will manage real-time performance and response of the system in response to site and grid conditions.
Notrees is the eighth energy storage project installed by Xtreme Power over the past year.
(Source: Xtreme Power, 23 Jan. 2013)
Contact: Xtreme Power, (512) 268-8191, www.xtremepower.com:
Duke Energy Renewables, Greg Wolf, Pres., www.duke-energy.com/renewables
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The report provides an analysis of worldwide solar energy storage markets products including lead-acid, lead-carbon, lithium, NaS, sodium-nickel-chloride, and flow batteries, along with ultrabatteries and supercapacitors. Storage demand for both retail PV users and utility-scale solar is analyzed. Eight-year revenue and volume projections are included with breakouts by technology, and geography.
Solar industry player profiles include: Abengoa Solar, Acciona, AES, Altair, Ambri, Axion, Brightsource, Cellenium, Cellstrom, Cogenra Solar, CSIRO, Daewoo, Deeya Energy, Ecoult, EDF, Endesa, eSolar, Exide, Fiamm Sonik, Firefly, Ford, GE, GeoBattery, Gildmeister, Hitachi, Ice Energy, International Battery, Johnson Controls, KEMA, Kyushu Electric, Maxwell, Mitsubishi, NEC, Nesscap, NGK, Panasonic, PG&E, Pratt & Whitney, Premium Power, Prudent Energy, RWE, SAFT, Siemens, Southern California Edison, RedT, Sumitomo, SunPower, SunVerge, SolarCity, Tokyo Electric, V-Fuel, VARTA, Xtreme Power and ZBB.
Report details are available at http://nanomarkets.net/market_reports/report/solar_storage_2013
NanoMarkets recently issued a related report titled, Batteries and Supercapacitors for the Smart Grid -2013. Details are available at http://nanomarkets.net/market_reports/report/batteries_and_supercapacitors_for_the_smart_grid_2013
(Source: NanoMarkets ,PR, MarketWatch, Jan. 14, 2013) Contact: NanoMarkets, www.nanomarkets.net
Tags NanoMarkets news, Solar Energy Storage news, Solar news,
Other companies are working on wind power irregularity and storage solutions as well. North American Wind Power reports that Invenergy and Xtreme Power have launched a JV to deploy an energy-storage system at Invenergy's Grand Ridge Wind project site in Illinois. The system will supply renewable power to the new frequency response market administered by regional transmission organization PJM. The company says that efficient frequency regulation is vital for PJM's grid reliability. Xtreme Power's solution is a 1.5 MW Regulation Power Management system that will deploy a lithium-titanate battery and an AGC signal to harness full four-quadrant power in less than one second.
In 2011, Energy Collective reported that AES Corporation built a 60-turbine wind farm in West Virginia that generates enough power for 20,000 homes, and also feeds power into the PJM Interconnection regional grid. The farm features a series of 1.3 million lithium ion batteries that together provide frequency regulation to the grid. Grid operators at PJM send signals to the battery system every four seconds, telling it to either deliver or store electricity generated by the wind farm. (Source: Apple, 3bl Media, Jan. 11., 2013) Contact: AES Energy Storage, (703) 522-1315, www.aesenergystorage.com; Xtreme Power, Carlos Coe,(512) 268-8191, email@example.com, www.xtremepower.com; Invenergy, David Groberg, VP, Wind Development, (301) 610-6412, firstname.lastname@example.org, www.invenergyllc.com; Apple Inc., Tom Neumayr, Spokesman, (408) 974-1972, email@example.com, www.apple.com
Tags AES Corp news, news, Apple Computer news, Xtreme Power news, Wind news, Energy Stroage news, AES Corp. news,
Xtreme Power's 1.5 MW Regulation Power Management™ (RPM) is a versatile, scalable asset which will ultimately utilize long-life lithium-titanate battery technology and an AGC signal to harness full four-quadrant power in less than one second. Such instantaneous energy delivery will enable Invenergy to help balance supply and demand in the PJM market.
Xtreme Power designs, engineers, installs, and monitors integrated energy storage and power management systems for Independent Power Producers, Transmission and Distribution Utilities, and Commercial & Industrial End Users, among others.
Invenergy and its affiliated companies develop, own and operate large-scale renewable and other clean energy generation facilities in North America and Europe.
The nation's largest independent wind power generation company, Invenergy and its affiliated companies currently have 6,600 MW of wind, solar, and thermal projects under contract, under construction, or in operation.
(Source: Xtreme Power, Dec. 18, 2012) Contact: Xtreme Power, Carlos Coe,(512) 268-8191, firstname.lastname@example.org, www.xtremepower.com; Invenergy, David Groberg, VP, Wind Development, (301) 610-6412, email@example.com, www.invenergyllc.com
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Tags Xtreme Power news, Invenergy news, Energy Storage news,
The RPM 2000 is a 2 MW, 15-minute duration power management and energy storage system engineered to provide unmatched high-speed, precision frequency regulation service. The RPM 2000 combines the real-time controls of the Xtreme Active Control Technology™ and intelligent power conversion systems with advanced lithium energy storage technology to accurately respond to grid disturbances up to 50 times faster than conventional generation options. In addition, the RPM 2000 is a fully automated system that is highly reliable with low operating costs and no start-up costs. Its flexible and modular design allows for easy installation, incremental expansion, and simplified project siting. (Source: Xtreme Power, 11 Dec., 2012) Contact: Xtreme Power, Alan Gotcher, CEO, http://www.xtremepower.com/xp-technology/RPM.ph
Tags Xtreme Power news, Power Management news, Energy Storage news,
The problem is that energy storage is relatively expensive and current electricity prices can't support the deployment of large-scale energy storage, the company claims. Xtreme is presently in talks with some mainland power firms on the deployment of its storage systems for renewable energy as pilot projects. Xtreme aims to build a few demonstration projects on the mainland so that it will be ready to expand sales when the market is ripe for large-scale commercialization.
Xtreme hasbeen in discussions with the mainland's monopoly state-owned power distributors, but State Grid Corp has indicated it wanted Xtreme to provide battery hardware while it did its own system integration work. This conflicted with Xtreme's sales strategy, in which system integration is its main offering. China Southern Power Grid, on the other hand, wanted to develop its own supply chain and asked Xtreme to provide a system design solution.
Inner Mongolia's power grid presents better sales potential. Although it represents just 3 per cent of the nation's power generation capacity, it has the biggest shortage of transmission capacity and imbalance problem
While it waits for the utility market to develop, Xtreme is selling to customers for industrial and commercial applications. (Source: Xtreme, South China Morning Post, Oct. 29, 2012) Contact: Carlos Coe, Xtreme Power, (512) 268-8191, firstname.lastname@example.org, www.xtremepower.com
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GE's Durathon battery products can last up to ten times longer than conventional lead acid batteries and store more energy in half the space. When paired with Xtreme Power's Xtreme Active Control Technology (XACT) , GE's battery should enable safer and highly efficient storage of massive quantities of electricity at low cost for grid applications. XACT is an innovative proprietary control system architecture that offers sophisticated control algorithms, real time response, remote monitoring, and optimized power management. (Source: Xtreme Power, Sept, 10, 2012). Contact: GE Energy Storage, http://www.geenergystorage.com; Xtreme Power, http://www.xtremepower.com
Tags GE Energy Storage news, Xtreme Power news, Energy Storage news,
Xtreme Power's Dynamic Power Resource (DPR) integrated power management and energy storage solution utilizes Xtreme Power's intelligent controls to optimize performance. Integrating the DPR with the Kaheawa Wind Power II site will save the utility operating costs, reduce MECO's carbon footprint and provide cleaner, cheaper electricity to the residents of Maui.
Xtreme Power is a US company backed by investors SAIL Capital Partners, Bessemer Venture Partners, The Dow Chemical Company, Fluor Corp., BP Alternative Energy, Dominion Resources, POSCO ICT, SkyLake & Co. and Spring Ventures, LLC. (Source: Xtreme Power, 31 May, 2012)
Contact: Carlos Coe, Xtreme Power, (512) 268-8191, email@example.com, www.xtremepowerinc.com; First Wind Holdings, Paul Gaynor, CEO, (617) 960-2888, www.firstwind.com
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AllCell's technology uses phase change materials (PCM) to extend battery life and prevent overheating and battery fires. AllCell's PCM technology is a valuable addition to Townsend's existing portfolio of energy investments, which includes Dow Kokam, LLC, Energy Power Systems, LLC and Xtreme Power. (Source: AllCell Technologies, May 11, 2012) Contact: AllCell Tech, www.allcelltech.com
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